Big drop in April for many stock

Aggressive talk of further interest rate increases by the U.S. Federal Reserve Chairman Jerome Powell contributed to the big drop for stock markets in April. Rising inflation is the main reason that the Fed plans to keep raising rates.
Growth stocks, especially those with only remote… Read More

Utilities offer you income and growth

Utilities could suffer more than other sectors as interest rates further rise. That’s because they have a lot of debt, and higher rates make it more expensive to raise money and refinance existing debt. As well, their shares, which typically offer high yields, compete with… Read More

Three solid picks for income seekers

The Bank of Canada recently raised its benchmark interest rate, from 0.5% to 1.0%, in response to rising inflation. It also signalled more hikes are likely in the coming months.
Generally, rising interest rates are bad news for high-yielding utility stocks, such as the three we… Read More

Their regulated operations offset Alberta risk

Alberta’s high COVID-19 infection rates and Ottawa’s plans to cut emissions at the province’s oil producers could hurt electricity sales at Canadian Utilities and its parent company ATCO. However, recent investments in renewable power projects help cut that risk. Moreover, as regulated utilities, their dividends… Read More